PensionDanmark Pensionsforsikringsaktieselskab Has $11.31 Million Holdings in United Rentals, Inc. $URI

PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 10.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,980 shares of the construction company’s stock after purchasing an additional 920 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in United Rentals were worth $11,306,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in United Rentals during the 4th quarter worth about $28,000. MV Capital Management Inc. acquired a new stake in United Rentals in the 4th quarter valued at about $28,000. Laurel Wealth Advisors LLC bought a new position in shares of United Rentals in the fourth quarter worth about $32,000. Hilton Head Capital Partners LLC bought a new position in shares of United Rentals in the fourth quarter worth about $34,000. Finally, Sunbelt Securities Inc. lifted its position in shares of United Rentals by 2,300.0% during the third quarter. Sunbelt Securities Inc. now owns 48 shares of the construction company’s stock worth $46,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 0.0%

URI opened at $1,162.37 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The company has a market cap of $72.35 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 1.50 and a beta of 1.80. The firm has a 50 day simple moving average of $1,085.32 and a 200 day simple moving average of $933.12. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the firm earned $10.47 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is 18.92%.

Insider Activity

In other news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

URI has been the topic of several research analyst reports. Citigroup increased their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research note on Friday, July 24th. KeyCorp reaffirmed an “overweight” rating and set a $1,350.00 price objective on shares of United Rentals in a report on Friday, July 24th. Barclays increased their price objective on United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Truist Financial upped their price target on United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.